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Ringgit falls at opening in continued selling

Ringgit falls at opening in continued selling

KUALA LUMPUR, Aug 7 — The ringgit opened lower against the US dollar as foreign banks continued to offload the currency, a trader said. At 9.02am, the ringgit was quoted at 3.9155/9185 against the greenback from 3.9005/9035 at 5pm yesterday. “The ringgit breached the 3.9000 per dollar for the first time since the Asian financial […]

August 7, 2015 | By | Reply More
Ringgit down to 3.91 against USD

Ringgit down to 3.91 against USD

KUALA LUMPUR: The ringgit opened lower against the US dollar as foreign banks continued to offload the currency, a trader said. At 9.02am, the ringgit was quoted at 3.9155/9185 against the greenback from 3.9005/9035 at 5pm yesterday. “The ringgit breached the 3.9000 per dollar for the first time since the Asian financial crisis 17 years […]

August 7, 2015 | By | Reply More
KL shares lower in early trade

KL shares lower in early trade

KUALA LUMPUR, Aug 7 — Bursa Malaysia opened lower today on lack of catalyst in line with the overnight decline of US shares, a dealer said. At 9.59am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 15.49 points down at 1,679.15, after opening 2.31 points easier at 1,692.33. A dealer told Bernama that US […]

August 7, 2015 | By | Reply More
Short-term rates to remain stable

Short-term rates to remain stable

KUALA LUMPUR: Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia (BNM)’s intervention to absorb excess liquidity from the financial system. BNM estimated today’s liquidity at RM36.191 billion in the conventional system and RM9.135 billion in Islamic funds. The central bank will conduct a RM5 billion conventional money market tender for […]

August 7, 2015 | By | Reply More
KLCI futures lower in early trade

KLCI futures lower in early trade

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI futures contract (FKLI) on Bursa Malaysia Derivatives was lower, in early trade, today in tandem with the easier cash market. At 9.18 am, spot month August 2015 fell five points to 1,674, September 2015 was down 6.5 points to 1,663 while December 2015 decreased 5.5 points to 1,657.5. […]

August 7, 2015 | By | Reply More
Bursa Malaysia opens lower

Bursa Malaysia opens lower

KUALA LUMPUR: Bursa Malaysia opened lower Friday on lack of catalyst in line with the overnight decline of US shares, a dealer said. At 9.59am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 15.49 points down at 1,679.15, after opening 2.31 points easier at 1,692.33. A dealer told Bernama that US employment data, due […]

August 7, 2015 | By | Reply More
Asian shares in down trend with Wall Street ahead of jobs data

Asian shares in down trend with Wall Street ahead of jobs data

TOKYO, Aug 7 — Asian shares got off on the back foot today, on track for a weekly loss, following Wall Street lower as caution reigned ahead of US employment data that may help determine whether the Federal Reserve could raise interest rates as early as next month. MSCI’s broadest index of Asia-Pacific shares outside […]

August 7, 2015 | By | Reply More
Investor Ackman takes US$5.5b stake in Cadbury owner Mondelez

Investor Ackman takes US$5.5b stake in Cadbury owner Mondelez

NEW YORK, Aug 7 — Activist investor William Ackman has built a stake worth about US$5.5 billion (RM21.5 billion) in Mondelez International Inc, the maker of Cadbury chocolate and Oreo cookies, in what is seen as an attempt to push the company to boost earnings or sell itself. Mondelez has already taken steps to boost […]

August 7, 2015 | By | Reply More
As currencies weaken, Goldman says Asian nations won’t lift rates

As currencies weaken, Goldman says Asian nations won’t lift rates

NEW YORK, Aug 7 Favourable economic and international trade conditions in most Asian countries makes it unlikely that the region’s central banks will deem it necessary to raise interest rates to offset the impact of weaker currencies, according to Goldman Sachs Group Inc. While most Asian currencies have depreciated this year, policy makers don’t need […]

August 7, 2015 | By | Reply More
Disgruntled DNeX shareholders hold up meeting for two hours

Disgruntled DNeX shareholders hold up meeting for two hours

KUALA LUMPUR: Shareholders of Dagang NeXchange Bhd (DNeX) who were concerned about the group’s high valuation for its proposed selective capital reduction (SCR) and repayment exercise of its 71.25%-owned subsidiary Dagang Net Technologies Sdn Bhd held up the group’s EGM for more than two hours yesterday. Despite the dissatisfaction however, the resolution was passed. Details […]

August 6, 2015 | By | Reply More